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| Economy |
| Bernanke: Fed will take action if economy falters |
| 2010-08-27 |
| Don't know if there is any connection between these two news items, but if not they soon will be. Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare. The Fed chief offered his most extensive thoughts yet on how to pull the U.S. economy out of a deepening slump. His remarks came 90 minutes after the government said the economy slowed sharply in the second quarter to a 1.6 percent pace. Fears are growing that the country could lapse back into a recession. Bernanke described the economic outlook as "inherently uncertain" and said the economy "remains vulnerable to unexpected developments." Bernanke stopped short of committing to any specific action. But he raised the prospect of another Fed purchase of securities, most likely government debt or mortgage securities, to drive down rates on mortgages and other debt to spur more spending by Americans. |
| Posted by:tipper |
| #9 IIRC GUAMPDN OR MARIANAS VARIETY? OP-ED > DATAS SHOW THAT THE OBAMA STIMULUS DIDN'T WORK, or Title-Artic to that effect. Else, STARS-N-STRIPES OPED??? |
| Posted by: JosephMendiola 2010-08-27 23:24 |
| #8 CNN AM > BERNANKE = admitted that the US ECON IS ALREADY "SPUTTERING". |
| Posted by: JosephMendiola 2010-08-27 23:21 |
| #7 Fire up the printing presses! (or better yet fire Geithner, Summers, and Bernanke). |
| Posted by: DMFD 2010-08-27 21:09 |
| #6 The solution to a debt driven bubble isn't more debt. The solution is deflation. Which means anyone who who has bought assets using debt will likely default and pretty much every bank in the world will go bust. |
| Posted by: phil_b 2010-08-27 19:39 |
| #5 For the love of God will SOMEONE please fire these hopeless, ponzi scheme phuechs and bring in a successful business man and financial expert! |
| Posted by: g(r)omgoru 2010-08-27 17:35 |
| #4 For the love of God will SOMEONE please fire these hopeless, ponzi scheme phuechs and bring in a successful business man and financial expert! |
| Posted by: Besoeker 2010-08-27 17:26 |
| #3 Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities With what? Worthless paper? Make them pay in gold, and watch them weasel out. |
| Posted by: Redneck Jim 2010-08-27 14:48 |
| #2 The experts aren't. |
| Posted by: Procopius2k 2010-08-27 12:43 |
| #1 And that is what I am afraid of.... |
| Posted by: Kelly 2010-08-27 11:54 |